You can use GOLD assets for the following:Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry.Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets.Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals.ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency.Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process.

GoldMint’s blockchain, using the​ ​Graphene​ platform will be launched.

Advantages of such a choice compared to using an Ethereum private fork are as follows:

1. Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. 2. More productive - GoldMint uses PoS, is optimized for GOLD transactions as there are no other ICOs on the same platform. 3. Cheaper - no charge for ether commissions. 4. The Graphene blockchain supports PoS.

The Application Programming Interface (API) regulates the GOLD, distributing these tokens to the following entities: E-commerce that can use GOLD for transactions. Local banks and Monetary Financial Institutions (MFIs) that can use GOLD as collateral. The API also regulates the GOLD that is used as escrow for bank accounts and as financial guarantees.

Differences between Goldmint and other gold cryptocurrency blockchains include the following:

Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions. Goldmint uses Proof-of-Stake where miners are doled blocks/ transactions according to the amount of MNT they have. Proof of stake (PoS) is faster, simpler and cheaper than proof of work (PoW). Physical gold and ETFs are stored in a programmed decentralized storage unit. Custody Bot - Goldmint’s innovative storage unit is programmed to automatically identify and store gold jewelry, small ingots (up to 100 grams) and coins without human intervention.